Can I retire at age 60 with 543,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $543,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$44,840$44,441$44,051$43,671$43,300$41,664
2 years$22,198$21,785$21,384$20,996$20,619$18,990
3 years$14,652$14,237$13,837$13,452$13,081$11,511
4 years$10,879$10,465$10,070$9,691$9,330$7,829
5 years$8,616$8,205$7,815$7,444$7,092$5,665
6 years$7,108$6,700$6,315$5,953$5,612$4,260
7 years$6,032$5,627$5,248$4,894$4,564$3,286
8 years$5,224$4,823$4,451$4,106$3,786$2,582
9 years$4,597$4,199$3,833$3,497$3,189$2,056
10 years$4,095$3,702$3,342$3,015$2,717$1,653
11 years$3,685$3,295$2,942$2,624$2,337$1,340
12 years$3,343$2,958$2,611$2,301$2,025$1,093
13 years$3,054$2,673$2,333$2,032$1,766$896
14 years$2,807$2,430$2,096$1,803$1,548$737
15 years$2,593$2,219$1,893$1,608$1,363$608
16 years$2,406$2,036$1,716$1,440$1,204$503
17 years$2,241$1,875$1,561$1,294$1,068$417
18 years$2,094$1,733$1,425$1,166$950$347
19 years$1,963$1,606$1,305$1,054$846$288
20 years$1,845$1,492$1,198$954$756$240
21 years$1,739$1,390$1,101$866$677$200
22 years$1,643$1,298$1,015$787$606$167
23 years$1,555$1,214$937$717$544$139
24 years$1,474$1,137$867$654$489$116
25 years$1,400$1,067$803$597$440$97
26 years$1,332$1,003$745$546$397$81
27 years$1,269$944$691$500$358$68
28 years$1,210$889$643$458$323$57
29 years$1,156$839$598$420$291$48
30 years$1,105$792$557$386$263$40
31 years$1,058$749$519$354$238$33
32 years$1,014$709$485$325$215$28
33 years$972$671$453$299$195$23
34 years$934$636$423$275$176$20
35 years$897$603$395$253$160$16
36 years$862$573$370$233$145$14
37 years$830$544$346$215$131$11
38 years$799$517$324$198$119$10
39 years$770$492$304$183$108$8
40 years$742$468$285$169$98$7
41 years$716$445$267$156$89$6
42 years$691$424$250$144$81$5
43 years$668$404$235$133$73$4
44 years$645$385$221$122$66$3
45 years$624$367$207$113$60$3
46 years$603$350$194$104$55$2
47 years$584$334$183$96$50$2
48 years$565$319$172$89$45$2
49 years$547$305$161$82$41$1
50 years$530$291$152$76$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $543,000, adding $4,553 every year, while hoping to spend $29,912 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 62/14/24 Blend
59$543,000$543,000$543,000$543,000
60$603,082$574,303$565,887$636,388
61$632,771$570,618$553,018$655,793
62$664,485$565,750$538,715$673,277
63$698,399$559,609$522,900$691,705
64$734,707$552,100$505,487$711,173
65$773,617$543,123$486,391$731,789
66$815,361$532,572$465,521$753,673
67$860,193$520,332$442,781$776,957
68$908,390$506,286$418,071$801,789
69$960,257$490,305$391,288$828,334
70$1,016,130$472,257$362,322$856,774
71$1,076,376$451,999$331,062$887,311
72$1,141,401$429,381$297,386$920,171
73$1,211,648$404,245$261,173$955,603
74$1,287,606$376,423$222,292$993,884
75$1,369,811$345,737$180,608$1,035,321
76$1,458,853$311,999$135,980$1,080,255
77$1,555,381$275,013$88,261$1,129,064
78$1,660,109$234,567$37,296$1,182,166
79$1,773,820$190,441$0$1,240,024
80$1,897,378$142,400$0$1,307,530
81$2,031,731$90,199$0$1,391,352
82$2,177,924$33,575$0$1,482,605
83$2,337,107$0$0$1,582,032
84$2,510,542$0$0$1,694,729
85$2,699,622$0$0$1,823,268
86$2,905,877$0$0$1,963,522
87$3,130,994$0$0$2,116,641
88$3,376,827$0$0$2,283,893
89$3,645,419$0$0$2,466,672
90$3,939,019$0$0$2,666,514
91$4,260,101$0$0$2,885,110
92$4,611,392$0$0$3,124,320
93$4,995,892$0$0$3,386,196
94$5,416,907$0$0$3,672,993
95$5,878,075$0$0$3,987,198
96$6,383,405$0$0$4,331,548
97$6,937,310$0$0$4,709,058
98$7,544,652$0$0$5,123,048
99$8,210,784$0$0$5,577,176
100$8,941,603$0$0$6,075,469